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Specialist catastrophe property management general underwriter (MGU) SageSure has completed its second reinsurance sidecar transaction with Seawall Re II Ltd., securing $200 million in capital. Including the first Seawall Re deal in July 2025, the SageSure-sponsored sidecar platform has now secured $250 million in funding in less than a year. The company said the expansion…
Algorithmic Insurance Services, Inc. (LIRG), a provider of data-driven reinsurance solutions, has signed a delegated underwriting authorization agreement with Malaysian reinsurer Mandarin Re Ltd. The agreement grants the LIRG platform the authority to underwrite and bind policies and contracts up to $3 million each, consistent with agreed-upon underwriting guidelines. This covers mixed property risk, property…
Marsh executives confirmed that data centers are an insurable asset class, however, their sheer size and scope poses challenges, noting that these multi-billion dollar facilities require careful risk engineering and close collaboration between project sponsors and re/insurers. Speaking at a recent Digital Infrastructure News webinar hosted by Marsh, Mike Matthews, head of global digital infrastructure…
Gallagher Australia, the local arm of global insurance broking, risk management and advisory firm, has appointed Johannes-Daniel Veldsman as chief commercial officer, responsible for overseeing the company’s specialist divisions and commercial strategy. In this role, Veldsman will manage Gallagher Australia’s professional areas and support the continued development of the company’s professional capabilities. The company said…
Canopius Group is an international specialty and property and casualty (P&C) re/insurer with strong results in 2025, with profit after tax reaching US$467 million, an increase of 16% from the previous year, and insurance contract written premiums (ICWP) increasing by 27% year-on-year to US$4.5 billion. For Canopius, ICWP has almost doubled since 2022, growing 96%…
Global Indemnity Group reported stronger underlying underwriting profitability and higher adjusted return on equity in 2025, although catastrophic losses from the California wildfires impacted overall reported earnings. The company reported total premiums written at $398.9 million in 2025, essentially stable compared with $389.8 million in 2024, while investment income edged up to $62.7 million from…
Global insurance and reinsurance brokerage group Aon has appointed Anne Corona as chief executive officer (CEO) of North America, effective immediately, and Lori Goltermann has been promoted to vice chairman of Aon, effective March 31, 2026. Concurrently with this transition, Farheen Dam has been appointed CEO of Enterprise Clients and Chief Client Officer, effective immediately….
Global insurance broker and risk advisor Marsh has appointed Nick Studer as president and chief executive officer of Marsh Risk, succeeding Martin South, who will serve as Marsh chief client officer across the enterprise, effective April 1, 2026. Studer and South will continue to serve on the company’s Executive Committee and report to Marsh President…
Sodalis Capital, an investment company specializing in international insurance intermediaries, announced the establishment of Brecon Specialty Ltd. Headquartered in London, the new brokerage will provide specialist brokerage and risk advisory services to independent brokers in global markets, in addition to servicing direct clients. Its core focus is global cyber and technology errors and omissions (E&O)…
OAK Global, a risk partner insured through Lloyd’s Syndicate 2843 and 1440, announces the appointment of Kaylee Darkins as Chief People and Communications Officer, effective 9 March 2026. In her new role, Duggins will lead OAK Global’s people strategy, communications and sustainability agenda. She will be based in London and report directly to Cathal Carr,…